Virgin Galactic: about to hit the fan?Looks like SPCE is forming a head and shoulder and should hit 22 but if it breaks under the red trend line, the next target should be around 18.
Trade ideas
SPCE BounceSPCE has become overextended to the downside and i believe has exhausted its sell side move. It is running into daily support at the 23 area. I believe it will bounce up from here as a relief bounce back to the 25 range.
SPCE Weekly 50MA Trend - Buy ZonesEveryone else seeing this trend right? Buy the weakness, sell the strength.
$SPCE Target 44.24 for 27.68% $SPCE Target 44.24 for 27.68%
Or next add level is at 25.06 (so basically anywhere here)
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SPCE looking very nastyI really hope this doesn't play out but SPCE is looking very weak with bearish engulfing candle about to close on the daily by end of the day. No help on oscillators, stock could go into freefall and lose 50% of current value very quickly if some positive news doesn't come out soon.
SPCE again in a magnetic trendlineSPCE ready to fly after touching again a trendline that has been tested multiple times. The volume of yesterday's session could imply strong support for the price to continue down.
Target Price: 60
Expected Returns: >100%
SPCE Analysis $SPCE | #Analysis | #StockMarket
Bullish Target 38.86 🎯
Bearish Target 23.92 🎯
Symmetrical Triangle ✅
Head and Shoulders ✅
Coiling Tighter on Decreasing Volume ✅
Consolidating Above 0.382 Fib Weekly (28.35) ✅
Entry on Break of Blue Line with Confirmation ✅
My outlook for SPCE 🚀 and ARKX 🚀SPCE earrings are in 31 days. I expect to see further upside especially with the ARKX ETF inclusion. The pattern recognized here is a running flat Elliott correction wave. I don't see an entry point for calls. What I'm looking for is a lower degree correction similar to the one found on NAS100. I'm waiting for the options chain in ARKX so I can engage in some covered calls and cash secured puts for additional monthly income.
If you like what you see why not support us?
👇
Is the SPCE bullish or bearish?I think it is possibly bullish, but not sure which way break the tending line is important. Thanks.
SPCE basing and ready to go back upThis looks like a great play and a few gap zones can be short targets.
Long term play is also positive.
Target entries:
1. $29-28/ Current price is a lower range of triangle support
2. $26 holds we can avg down
Stop loss: $22 I would take this chance to see it hold.
Targets $36 recent high, $60 FEB highs
Risk:Reward = +$10 to +$30 V. -$5-7
Short exit target can limit loss to 10%
SPCE Motive Impulsive with LEAPs SPCE looking for a move higher with 5 motive impulse with key support level at 23 presenting a good risk and reward on the upside. Look to establish longer term long positions on SPCE with stops below 17.
SPCE newsThe first powered test from Spaceport America was scheduled for December but computer trouble caused by electromagnetic interference prevented the spaceship’s rocket from firing properly. The test was rescheduled for February but then scrapped as the team continued working on the interference issue. Colglazier said the flight now is scheduled for May.
Fundamentals: Whenever a new test flight was announced, the NYSE:SPCE price increased.
Technical Analysis: MACD crossing, we can see reflection from the support and overcoming resistance
SPCE - LONG - PRICE TARGET 31.72 - 32.75LONG POSITION ENTERED AT $30.70
SPCE:
Lots of technical confluence present in the 30m chart of SPCE. As you can tell in the chart, there is a big fat double-top which seems to have failed. This is your classic example of "what should happen, doesn't." (Peter Reznicek). This seems to be a common theme with SPCE latley, as you can see you had two previous 30m candle break below the trendline but price still continued upwards. When this occurs you should prepare to the exact opposite of what should've happened, in this case go long as the price should of went lower. In a solid double top, you should see the price break below on the second touch of the neckline. This is not the case as it broke out of a 30m balance zone to the upside, while also bouncing off the trendline indicating a bullish trend continuation. RSI is continuing upward. Also looks like you have people loading up long last minute with large volume on the last 30m of the day.
There's really two options here: The double top has failed, continues upward to form a triple top(more likely IMO), or it breaks all the way up to the top of the trendline. The only objection I have to the triple top is the volume profile shows that price has not stayed around that range for a long duration and it's possible it'lI gap up right past it Monday morning to get closer to the Point of Control. If a gap-up above 31.70 doesnt occur Monday, I plan on taking profits at the 31.70 mark as the price will likely quickly reverse if it does form a triple top. I will re-enter if the triple top fails at the 31.70 mark and set my stop slightly under and target the upper trendline at $32.75.
Thank you for your time, for the sake of increasing my own personal knowledge, while also sharing what i've learned so far, you can look forward to more of my technical analysis in the future. Weekends will be the days I will publish. I would like harsh criticism from any fellow traders, especially more experienced ones. Feel free to give me your thoughts. Thanks and have a happy Easter!!
Virgin Galactic, will it do it again? It usually bounces between 60 and 170 percent, previously it has respected the buy and sell signals of the squeeze momentum indicator, if repeated it could return to a minimum of 40 dollars and a maximum to the range of 50-60 during the next quarter.
It has a strong support around $23 and a significant resistance at $35, if it passes it, we should expect a greater rise. And in the other case, if it breaks the support, the next bottom is at 20 dollars, more than that it is practically impossible for it to fall.
NYSE:SPCE
